Cimpress plc (CMPR) Earnings
Cimpress plc is expected to report next earnings on July 29, 2026 (in NaN days), with a consensus EPS estimate of $1.22. CMPR has beaten EPS estimates in 7 of its last 12 reported quarters (average surprise +32.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $0.15 | $0.55 | +266.7% | $886M | +3.2% |
| Jan 28, 2026 | $1.61 | $1.95 | +21.1% | $1.0B | +21.3% |
| Oct 29, 2025 | $0.29 | $0.30 | +3.4% | $863M | -13.1% |
| Apr 30, 2025 | $0.55 | $-0.33 | -160.0% | $789M | -1.1% |
| Jan 29, 2025 | $2.52 | $2.36 | -6.3% | $939M | -3.1% |
| Jul 31, 2024 | $0.80 | $4.33 | +441.2% | $833M | +4.2% |
| May 1, 2024 | $0.14 | $-0.15 | -207.1% | $781M | -6.7% |
| Jan 31, 2024 | $1.24 | $2.14 | +72.6% | $921M | +3.3% |
| Oct 25, 2023 | $-0.33 | $0.17 | +151.5% | $757M | -1.7% |
| Jul 26, 2023 | $0.24 | $1.05 | +337.5% | $789M | +3.0% |
| Jan 25, 2023 | $1.32 | $-0.46 | -134.8% | $845M | -6.2% |
| Oct 26, 2022 | $-0.89 | $-0.97 | -9.0% | $703M | -1.9% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q3 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Elevated products are driving a step function improvement in per customer lifetime value and wallet share, with Vistaprint's variable gross profit per customer growing 13% YOY for the 13th consecutive quarter. - Investments in Sympress MCP, manufacturing operations, cross-Sympress fulfillment, and AI are reducing COGS and operating expenses, while increasing new product introductions and user experience improvements. - Progress is being made on the path to fiscal 2028 adjusted EBITDA of at least $600 million and significantly lower leverage. - Two tuck-in acquisitions were made in April: 85% of Truall (Spanish leader in elevated brand building print, packaging, and signage products) and a 50% stake with operating control in Mixum
Guidance
- Fiscal 26 revenue and profit guidance has been raised. Full year revenue is expected to grow 9 - 10% on a reported basis and 4 - 5% on an organic constant currency basis. Net income is expected to be at least $87 million, adjusted EBITDA at least $465 million, operating cash flow approximately $298 - $303 million, and adjusted free cash flow approximately $130 - $135 million. Net leverage is expected to be at or below 3.0 times by the end of fiscal 2026. - Fiscal 27 is expected to see adjusted EBITDA growth in excess of 10% and significant free cash flow growth due to lower capital expenditures, lower cash taxes, and more favorable working capital. - Fiscal 2028 targets include 4 - 6% organic constant currency revenue growth, at least $200 million in net income, adjusted EBITDA of at least $600 million, adjusted EBITDA to free cash flow conversion of approximately 45%, exit fiscal 2027 with net leverage of approximately 2.5 times, and exit fiscal 2028 with net leverage below 2.0 times subject to capital allocation choices
Segment performance
Vistaprint's variable gross profit per customer grew 13% year-over-year in Q3, marking the 13th consecutive quarter of growth in this metric. The upload and print businesses combined organic constant currency revenue grew 8%, while reported revenue for these businesses grew 26% due to currency benefits and a tuck-in acquisition contributing $15 million during the quarter. Consolidated Q3 revenue grew 12% on a reported basis and 4% on an organic constant currency basis. Vista print revenue grew 7% on a reported basis and 3% on an organic constant currency basis. Q3 consolidated gross profit grew 10%. Net leverage at the end of Q3 was 3.0 times the trailing 12 months EBITDA as calculated under the credit agreement
Risks & headwinds
- Actual results may differ materially from forward-looking statements due to risk factors outlined in SEC filings. - Currency movements can have an impact on working capital and adjusted EBITDA. - Energy and oil price increases can affect COGS and operating expenses, and the timing of offsetting price increases is uncertain. - M&A involves risks such as not all being upfront cash uses and implied valuation complexities
Analyst Q&A
Q: Can you explain why currency is benefiting operating income and EBITDA but had negative impact on free cash flow this quarter?
A: Currency benefits adjusted EBITDA due to a hedging program and the direction of main currencies relative to the dollar. The negative impact on free cash flow is due to a different dynamic of working capital timing and unfavorable currency movements on working capital.
Q: Am I calculating correctly that you paid $35 million for three acquisitions that are expected to yield $13 million of adjusted EBITDA next year?
A: Bought 85% of Truall and 50% of Mixum. 85% of Truall will be paid for over three years, and 50% of Mixum has aligned incentives. Even adjusting for this, attractive multiples were paid with good base case returns.
Q: How will you be able to keep net leverage at three times trailing 12-month EBITDA at the end of Q4 when you have already spent $25 million on M&A in April and your free cash flow guidance has come down?
A: Under the credit agreement, credit is taken for trailing 12-month EBITDA when doing an acquisition. The updated guidance implies further EBITDA growth in Q4, and Q4 is expected to have significant free cash flow.
Q: Can you estimate how much of a revenue benefit the upload and print businesses got from regional elections during Q3?
A: There was some help from regional elections in Europe for certain products like posters and flyers, but it wasn't the dominant trend and not specifically broken out.
Q: Can you provide more color on the weather disruptions to Vistaprint's revenue in January and February?
A: Severe snowstorms in January and February dampened results, visible in state year-over-year booking trends.
Q: Can you provide more color on the cost increases that you expect from energy prices, and will you look to offset that with price increases?
A: Energy prices impact raw materials and logistics costs. Cost increases are expected, and to a large extent, they will be offset by price increases, with some impact delayed and expected to normalize later